Apple logos and images of Rolexes, meanwhile, which repeat throughout the ripped posters; flat, iconic wall sculptures; and other works, borrow the real-world value of luxury goods as a reminder that fungible doesn’t mean unreal.

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fungible Synonyms

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fungible

Definition of fungible

: something that is fungible (see 1fungible 1) : a good one part or quantity of which can be substituted for another of equal value in satisfying an obligation —usually used in plural

Fungibles may be valued by weight or measure.

Did You Know?

Fungible - which derives from the Latin verb fungi, meaning "to perform (no relation to the noun "fungus" and its plural "fungi") - is a word that often shows up in legal contexts. Something fungible can be exchanged for something else of the same kind. For example, we could say "oil is a fungible commodity." That means that when a purchaser is expecting a delivery of oil, any oil of the stipulated quantity and quality will usually do. Another example of something fungible is cash. It doesn't matter what twenty dollar bill you get - it's still worth the same amount as any other twenty dollar bill. In contrast, something like a painting isn't fungible; a purchaser would expect a specific, identifiable item to be delivered. In broader use, "fungible" can mean "interchangeable" or sometimes "changeable, fluid, or malleable."